Recap Cleared Y+1 early in the week and zoomed higher to tag Y+2. Failed to clear that and stalled quickly back down to near Y-1. Closed the week above Y-0 and near midpoint.
Outlook Wild consolidation with 1.24 defended a 2nd time within 2 weeks from sharp drops. This points to the building of a base on weekly level and potentially monthly ledge in the making at this zone. So more 2-way trading for now with Y-1 / B-1 solid support.
Lawrence's Comment
Recap
No major selloff. Just consolidation around Y-1 with spikes to Y-0 that failed to go higher. Closed the week below Y-1.
Outlook
Still within the context of a pullback. ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Consolidation around previous week close at 50% range. A rare normal breather since the beginning of this year. Closed the week below Y+1 and near midpoint.
Outlook
A marginal double top ...
Lawrence's Comment
Recap
Data repair was done after the chart update over the weekend. Next week will have the correct prices shown. Euro slipped below Y-1 yet no stops were discovered which ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
USDCAD Mar 02 to Mar 06 Outlook
Lawrence’s Comment
Cleared Y+1 early in the week and zoomed higher to tag Y+2. Failed to clear that and stalled quickly back down to near Y-1. Closed the week above Y-0 and near midpoint.
Outlook
Wild consolidation with 1.24 defended a 2nd time within 2 weeks from sharp drops. This points to the building of a base on weekly level and potentially monthly ledge in the making at this zone. So more 2-way trading for now with Y-1 / B-1 solid support.
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